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.i.t. technologies cut across every sector of our economy and our national defense infrastructure. our relatively modest 20-year investment in nitr-d programs has contributed immeasurably to our economic and national security by enabling innovation and job creation in the n.i.t. and providing american students with the skills to fill these jobs. let's re-authorize this program today and ensure that it remains strong. i want to thank my friend, mrs. lummis, for reintroducing a bipartisan bill once again in this congress and i also would like to thank my staff and in sokolo for their hard work on this bill and i urge my colleagues to support h.r. 967 and reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves, the gentleman from texas is recognized. mr. smith: i yield five minutes to mrs. lummis the sponsor of this legislation and who chairs the subcommittee of the science, space and technology committee. the speaker pro tempore: the gentlewoman from wyoming is recognized for five minutes. mrs. lummis: thank you, mr. speaker. i want to start by thanking chairman smith and
challenges in trimming the defense budget has this program is in some ways singular in terms of its cost overrides, it's delays in the way it's been structured to as a right and a piece, it's most effective defense advocate will not be all of its radars and sensors and missiles and stealth technology and ability to fly at superfast. it may be the way it's designed to avoid coverage in washington. >> german finance minister wolfgang schauble was in washingtwashingt on today. he said he expects the european economy to begin improving in 2014 lead at a slower rate than the united states in developing nations. mr. schauble is attending the g20 finance ministry meetings. from the council on foreign relations, this is an hour. [inaudible conversations] >> be careful. >> ladies and gentlemen i am carla hills. i'm cochair of the council on foreign relations and we are privileged indeed to have with us the honorable wolfgang schauble, a highly experienced german government official who is currently serving as minister of finance. you have his resume and we are running late so to maximize their t
without using components made by potential adversaries, and i gave a talk at national defense university in washington three years ago, and they said, yeah, we kind of know that, but the defense contractors control congress, and nobody cares. okay, i'm not a defense guy. i'm talking to military officers. you guys worry about it. now, if you don't mind the idea of the u.s. being dependent for its defense on a hostile deck at a timer ship, go ahead. t somebody else about it, but that's part of free trade. other nations manage this stuff. the u.s. historically prior to the end of the cold war had controls on this stuff because we understood that you need descril base, not just for economic reasons, but also for security. now, interestingly enough, this ties back into american history because i mentioned al exapedder hamilton before. one of the reasons that he became a protectionist, and he was the lone economist among the founding fathers, the guy who turned this country in that direction. he talked to general washington and said, look, if we just have free trade in the new country pee put
of the bad parts of it, i.e. europe, and that takes you to what we call defensive growth, defensive growth, as you say, is health care, is tapels, parts of the media, parts of the technology space, as well, clearly defensive growth. and then the other part of the bar bell, we want to take advantage of some of those attractive valuations in equities and in europe. we would rather go into financials selectively and look at those insurance companies, those banks, as well, which is perhaps have sold off more in the market than the recent pullback and look at all of those companies which have improving or strong capital positions. and you end up looking at some of the german insurers and the swiss bank. they look pretty strong for us. >> jonathan, thanks very much for that. . >>> today is also worldwide -- in china, "worldwide exchange" in china day. i'm in hong kong because i've just spent the weekend at the china entrepreneur's club annual meeting of green companies in china. i've just come back from there and the china entrepreneur's club is a group 50, 51 of the leading ceos of the private
addressed the the media calling defense be tried in open court, as adults. >> they consider the home situation of the minor. the consider whether the minor is going to school are they truant, what type of stability they have. the court will consider all these factors that make a decision and determining whether they should remain in juvenile hall pending the case. >> >> the family addressed the media with their attorney calling the defense be tried in open court as adults. that decision could take up to a month. >> vandalism incidents in san jose appear to be connected. at&t announced a $250,000 reward for a formation that will lead to an arrest a suspect or suspects response overcutting at&t fiber-optic cables. >> this is video from our helicopter partnership with abc seven news. it shows that pg&e substation of metcalf road which was started by government of before 2:00 to the morningg. >> santa clara county sheriff's laurie smith says just prior to that someone cut at&t fiber optic cables affecting 911 emergency phone service in the south bay. an oil leak caused by the gunfire, ha
disarmament. the reaganites in the defense department were horrified by this and put a stop to it but reagan didn't go all the way with reaganism when he had a chance to end the cold war, especially the nuclear threats. so it's a hard-core republican belief. if you remember the pup pup prime -- republican primaries of 2012, it was not that long ago there were eight or ten republican candidates in simi valley for a debate at the reagan library and every one of them said reagan set the example how maring be strong, reagan did with the soviet union and we should do it today in iran, we should do it -- we were right toy trite in iraq. america should use its power to achieve its spend destroy its enemies. i worked in the cold war and in the middle east. you have 29% of the american people agree with that today. >> richard, do you want to say something? you're leaning forward. >> no. >> okay. we want to take questions from the audience if anybody has a question, and i think there's a microphone somewhere that someone is going to bring up. why don't we start right up here on the aisle, blue shirt.
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
finance committee. the senate armed services committee will do an overview of defense authorization. chuck hagel will be at that as well as general martin dempsey, at that hearing. the house oversight and government reform committee is having a hearing on postal service insolvency. to find out when and where all of that will be airing, go to our website, c-span.org, for more details. chuck in massachusetts, a democrat. thought.ust a when you consider how 9/11 and brought the american public together, the last thing al qaeda would want to do would be to recreate that feeling of united ness. they like us divided. was shown as ait relatively easy, but they did in boston yesterday. like hawk-eye wanted to do something like that, they could do it relatively easily. i don't think they want to do it, because it would backfire on them. that's my thought. host: all right. that's the point of the show, to get everybody stopped and a variety of opinions this morning. one more story to give you before we go on to talk to two members of congress. poisonlope containing mailed to the senate this office,
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